User Support Forum

I have added a new automatic transfer for 2012 as we have increased the number of missions we are giving to. The problem is I didn't do all the work of setting it up before I posted the contributions to fund accounting and I have posted the transactions. I realized afterwards that I had not put the percentage in the contribution fund to be withheld from general offerings. I have since corrected that. I think I need to make a general entry in fund accounting for the everthing to be corrected. The question is what does that entry look like?
Account numbers used are 4280-108 income account, 3280-108 equity account, and 4880-108 release account.
I think I should just debit general tithes and offerings and credit the new income account for the total for the month.
DB 01-4030-000
CR 01-4280-108

Does this sound right?
I just don't want to mess it up any more than it already is.
Sandy

That is correct.

Since you are restricting the income, this is the way to spend $100 and release it:

CR 01-1110-000 checking $100
DB 01-5870-000 some missions expense $100

DB 01-4880-108 missions release $100
CR 01-4999-000 general release $100

Thanks so much!